Fred and Taniel always have lived in a community property state. At the time of Fred's death, the couple held stock that cost them $600,000 but was valued as follows.

Date of Death	Six Months Later
$5,300,000	$5,200,000

Under Fred’s will, his half of the stock passes to their daughter, Brandi. What income tax basis will Taniel and Brandi have in the stock, if Fred’s estate:

a.	Elects the alternate valuation date?
	If they elect alternate valuation date $ 5,200,000 (six months after death)
b.	Does not elect the alternate valuation date?